The U.S. November 05, 2024 election was historic and amazing. The reaction of several markets was also historic and amazing. All three main U.S. stock indices made new all-time highs. Precious metals had huge movements down. Bitcoin had a huge move up. Long-term U.S. Treasury yields had huge up movements. The daily S&P 500 (SPX)Continue reading “Reaction to the U.S. Election”
Category Archives: Price
S&P 500 and Bitcoin Relationship
On 10/31/24 both the S&P 500 (SPX) and Bitcoin (BTCUSD) experienced sharp declines; the drop could be heralding a bear market. The weekly BTCUSD chart courtesy of Trading View illustrates its long-term momentum. During the last week of October 2024 BTCUSD may have completed a double top vs. its March 2024 peak. Because the secondContinue reading “S&P 500 and Bitcoin Relationship”
Nasdaq Pinnacle
On 10/30/24 the Nasdaq Composite (IXIC) made a very lonely all-time high. It’s peak was not confirmed the other two main U.S. stock indices, S&P 500, and the Dow Industrial Average. The sub-index Nasdaq 100 also failed to reach a new high. And amazingly none of the “Magnificent Seven” stocks that have been the drivingContinue reading “Nasdaq Pinnacle”
Microsoft and Alphabet Inc. Elliott Wave Patterns – 10/18/24
The 09/15/24 blog “Microsoft and Alphabet Inc. Elliott Wave Patterns” illustrated resistance zones where both stocks could peak. Subsequently their respective upper price targets have been reached and new declines have begun. The daily Microsoft (MSFT) chart courtesy of Trading View shows the Elliott wave count since its 07/05/24 peak. MSFT – 07/05/24 to 08/05/24Continue reading “Microsoft and Alphabet Inc. Elliott Wave Patterns – 10/18/24”
Mixed Signals – Part – Two
Trading of U.S. stocks on 10/17/24 was almost the opposite of what happened on 10/15/24. Today 10/17/24 the Russell 2000 (RUT) ended the session down while the Dow Jones Industrial Average (DJI), and Nasdaq Composite (IXIC) ended up on the day. S&P 500 (SPX) was marginally down. On 10/15/24 the RUT was up on theContinue reading “Mixed Signals – Part – Two”
Mixed Signals – 10/16/24
The S&P 500 (SPX) bullseye target for a long-term Fibonacci time cycle was 10/11/16. On 10/14/24 one trading day later SPX made a new all-time high. The next day SPX failed to make a new high, and of the three main U.S. stock indices only the Dow Jones Industrial Average (DJI) made a new high.Continue reading “Mixed Signals – 10/16/24”
Rising Tide for Long – Term U.S. Interest Rates
Yields for the 30 – Year U.S. Treasury Bond (TYX) have moved above important chart resistance and could be poised to move higher. The 09/25/24 blog “Rising U.S. Interest Rates – 09/25/24” illustrated that the next TYX resistance point was the 09/03/24 peak at 4.206. Subsequently TYX has moved above that point and has reachedContinue reading “Rising Tide for Long – Term U.S. Interest Rates”
Analogy between the S&P 500 in 2007 and 2024
Sometimes markets can form similar patterns to prior bull or bear movements. What’s happening to the S&P 500 (SPX) since July 2024 could be matching the action in 2007. The daily SPX chart courtesy of Trading View compares what’s happening in 2024 to 2007. On 07/16/07 the SPX made an intermediate top then declined intoContinue reading “Analogy between the S&P 500 in 2007 and 2024”
Important Double Bottom – 10/02/24
The S&P 500 (SPX) has formed a double bottom which could be the most important near – term area on the chart. The 30 – minute SPX chart courtesy of Trading View illustrates the intraday action. Today 10/02/24 the SPX low of the day was 5,674.00 almost a bulls eye hit of the bottom madeContinue reading “Important Double Bottom – 10/02/24”
Crude Oil Trending Down – 09/27/24
Crude Oil is seasonally bearish into December, the current decline could continue for several weeks. The weekly Crude Oil – continuous next contract chart (CL2!) courtesy of Trading View illustrates the long – term view. Crude Oil could be drawn down to a Fibonacci .618 retracement of the April 2020 to March 2022 bull market.Continue reading “Crude Oil Trending Down – 09/27/24”
Four Dimension Trading 